The EU should move ahead with rules to wind up failing banks and set up a bank-funded resolution fund, European Central Bank (ECB) vice-president Vitor Constancio has said.
In a hearing with MEPs in the Parliament's economic affairs committee on Wednesday (24 April), Constancio noted that a single resolution mechanism to wind up banks is "a necessary complement" to having a single banking supervisor.
MEPs are expected to open negotiations with governments on the bank recovery and ...
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